PRSI

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Many taxpayers are entirely unaware of what January might hold for their bank balances as a result of the pandemic unemployment payment  and the temporary wage subsidy schemes.

Just when you thought things couldn’t get worse, it looks like they might. Wage subsidies that were introduced earlier this year to help embattled emp(...)

For 20 years’ work, you will get almost the same pension as someone who paid into the system for up to 50 full years.

I will be 66 years of age next year. I moved to Ireland in 1995, and started paying PRSI at that point. So for 26 years, since 1995 to 2021. I will (...)

If there is any tax owing at the end of the year, Revenue  will  collect this by  adjusting your tax credits.

Who is entitled to the Pandemic Unemployment Payment? The payment, which is a flat rate lump sum of €350 a week, is paid to anyone who has lost their(...)

Wage subsidy: to qualify, companies must have seen their business significantly disrupted by the Covid-19 crisis.

Workers may face a tax bill on emergency payments of up to €410 a week from their employer under the Government’s wage subsidy scheme. The payment, w(...)

Actuaries say “significant” increases in PRSI  needed to keep paying pensions at 65.

Reintroducing a transition pension to bridge the gap to the State pension for those retiring at 65 threatens the sustainability of the whole system, I(...)

Should self-employed pay more in social insurance to access a broader range of benefits?

Last month the Government announced plans to widen the net of eligibility for those who need State support when their business dries up. From November(...)

The minimum your daughter would need for a State pension is 10 years of social insurance/PRSI payments. That would give her a pension equivalent to 25 per cent of the prevailing full pension

My daughter is working for a Buddhist charity in Nepal for the past five years. She is 43 years old and has only about two years’ experience of workin(...)

If you have opted for a life-wrapped investment product, there is nothing to be done, as the life company computes the taxes and passes them on to Revenue on your behalf.  Photographer: Simon Dawson/Bloomberg

If funds are more expensive than we might have otherwise thought – as evidenced by new European regulations (insert link: https://www.irishtimes.com/b(...)

Minister for  Social Protection Regina Doherty: new system comes into place on March 30th.  Photograph: Gareth Chaney Collins

Minister for Social Protection Regina Doherty has announced significant reform of the State contributory pension. But what does it all mean, and will (...)

We are now in the final straight for Budget 2018, shortly Minister for Finance Paschal Donohoe will walk into Leinster House with a briefcase to deliv(...)

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